Market Intelligence · MN / Silver Lake

Silver Lake, MN 55381 Housing Market

The typical home in Silver Lake, 55381, is worth $311,592, up 0.5% over the past year. The median list price stands at $310,000, with homes spending a median of 86 days on the market.

Updated August 2026Median value$308K

The median home value in Silver Lake, MN 55381 is $308K as of August 2026, up 0.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 55381 range

$283K to $332K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.2% over 12 months

Typical home value in 55381 over the last 12 months: $307K in Aug 2025 to $308K in Aug 2026 (+0.2%).

Aug 2025$307K

Aug 2026$308K

The numbers

What is the 55381 housing market like?

Typical home value

$308K

Up0.2%YoY

Median list price

$310K

Down3.1%MoM

Days on market

86

Up48.3%MoM

Homes for sale

7

Flat0.0%MoM

Price cuts

88.9%

Up4.2%MoM

New listings

0

Down100.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 55381 home prices compare?

  • 55381$307,576
  • Silver Lake$307,576
  • Minnesota$300,428
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Silver Lake: 1 ZIPs; Minnesota: 716 ZIPs; United States: 26,265 ZIPs).

Context

Silver Lake currently has 7 homes for sale with no new listings as of August 2026. The median time to sell has stretched to 86 days, and the median list price is $310,000. Most concerning for sellers: 88.9% of listings have seen a price cut. The combination of slow movement, pricing pressure, and a stalled pipeline suggests this is a buyer's market where patience and realistic pricing will matter.

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